Arthur Hayes Sells 6,400 Ethereum and Six Altcoins in $22.28M Crypto Selloff

Key Insights: Arthur Hayes closed Maelstrom’s directional book, selling around $22.28 million in Ethereum and six other crypto tokens. Ethereum led the sales: 6,400 ETH worth $15.2 million, while 14 million ENA and 323,000 UNI were also sold by Maelstrom. Hayes cited macroeconomic and geopolitical uncertainty behind the sales Ethereum news focused on Arthur Hayes’ decision to close Maelstrom’s directional cryptocurrency positions as market uncertainty increased. The BitMEX co-founder confirmed his exit on October 24, citing macroeconomic and geopolitical risks. Lookonchain initially tracked $22.28 million in token movements before raising its estimate to $28.8 million on October 25.